TIDMMPE
M.P. EVANS GROUP PLC ("THE GROUP")
Sennah Estate
M.P. Evans Group PLC is pleased to announce that the long-running legal case
brought by DR H Rahmat Shah against the Group involving Sennah Estate (1,813
hectares) in North Sumatra, Indonesia has been withdrawn.
This legal case was in relation to the purchase in March 2002 by the Group of
80% of PT Sembada Sennah Maju, the owner of Sennah Estate. As announced on 14
August 2007, DR H Rahmat Shah's appeal to the Supreme Court in Jakarta to
overturn the ruling, in the Group's favour, of the Medan High Court had been
unsuccessful but he subsequently filed a request to the Supreme Court for a
judicial review which was waiting to be heard.
Following the withdrawal of DR H Rahmat's case, the Group has purchased his 20%
holding in PT Sembada Sennah Maju for US$3.2 million (US$8,870 per hectare) in
cash.
For further information:
M.P. Evans Group PLC 01892 516333
Philip Fletcher, Joint Managing Director
Peter Hadsley-Chaplin, Joint Managing
Director
Panmure Gordon 020 7459 3600
Edward Farmer
Rakesh Sharma
10 February 2009
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